Bart Boyer. When you succeed, we succeed.

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1 rsec Portfolios Parsec Wealth Management u Succeed We Succeed Parsec Financial B tirement Plans Community Focused Employe wned Asheville Charlotte Pinehurst Credible rsec Prize Parsec Financial Parsec Portfolios ealth Management When You Succeed W ucceed Parsec Financial Business Retirement ommunity Focused Employee Owned Ashev harlotte Pinehurst Credible Expertise Parsec P rsec Financial Parsec Portfolios Parsec Wea anagement When You Succeed We Succe rsec Financial Business Retirement Plans Co cused Employee Owned Asheville Charlotte nehurst Credible Expertise Parsec Prize Parse nancial Parsec Portfolios Parsec Wealth Man hen You Succeed We Succeed Parsec Fina usiness Retirement Plans Community Focused ployee Owned Asheville Charlotte Pinehurs redible Expertise Parsec Prize Parsec Financi rsec Portfolios Parsec When You Succeed W

2 When I founded Parsec in 1980, I strongly believed that feeonly investment advice was the right model for the firm. By delivering unbiased advice we would align our interests with our clients interests. My vision was that clients would follow the financial plan, save, spend wisely, and stay invested through thick and thin. Many did, and decades later their success has helped make Parsec a success. Bart Boyer When you succeed, we succeed.

3 m Why Parsec? Parsec Financial Management has a simple, defining mission: To help you make sound investment decisions that achieve your long-term financial goals. We work closely with you to create your plan, guide you through important financial decisions, and deliver high-quality service without ever forgetting the focus of our relationship: your financial future. ALL FINANCIAL ADVISORS ARE THE SAME. I CAN MANAGE MY OWN RETIREMENT ONLINE. ALL FINANCIAL ADVISORS ARE MORE CONCERNED WITH THEIR BOTTOM LINE THAN MY FINANCIAL INTERESTS. THERE IS A TREMENDOUS RANGE IN QUALITY BASED ON EDUCATION, SERVICE, ETHICS AND OTHER FACTORS. YOU MAY NOT HAVE ACCESS TO THE SAME RESOURCES THAT COULD BE PROVIDED WITH THE RIGHT FINANCIAL ADVISORS. REGISTERED INVESTMENT ADVISORS AND THEIR REPRESENTATIVES ARE REQUIRED TO PUT YOUR INTEREST AHEAD OF THEIR OWN. SOLUTION AT PARSEC A TEAM OF CREDENTIALED PROFESSIONALS WORK ON YOUR BEHALF AND ARE ALWAYS AVAILABLE TO YOU. PARSEC COMBINES FINANCIAL PLANNING WITH INVESTMENT MANAGEMENT TO HELP YOU ACHIEVE YOUR GOALS. PARSEC DOES NOT TAKE COMMISSIONS. AS A FEE-ONLY FIRM, WHEN YOU SUCCEED, WE SUCCEED. Our Services Parsec Wealth Management Parsec Portfolios Retirement Plans for Businesses Parsec Trust

4 YOUR PARSEC WEALTH MANAGEMENT TEAM TEAM LEADER Manages the Relationship and the Team PORTFOLIO MANAGER/ FINANCIAL PLANNER Creates Your Plan and Portfolio THE CLIENT CLIENT SERVICE PROFESSIONAL Supports the Team as well as the Client

5 Parsec Wealth Management integrates your financial plan with your investments. Parsec Wealth Management Parsec Wealth Management is our service for clients with more than $400,000 in assets. It includes both investment management and financial planning. Our process involves an in-depth analysis of your current financial circumstances and an evaluation of your strengths and weaknesses. After discussing your long-term goals and helping determine your risk tolerance, we develop a personalized plan that covers investments, retirement planning, education planning, taxes, estate planning issues and insurance. And because the only constant in life is change, we update your plan annually to monitor your progress toward achieving your goals. We are your family s CFO. We look at your finances and report to you. This holistic approach allows us to help you with long range planning. When can you retire? How much should you be saving? Or are you in retirement and need to make sure that your assets will last your lifetime? The answers to these questions are crucial in giving you the confidence you need to invest wisely. YOUR INDIVIDUAL PLAN PORTFOLIO WEALTH MANAGEMENT Retirement Planning Insurance Education Planning Taxes Investments Estate Planning

6 Ashley Woodring, CFP Financial Advisor Michael J. Ziemer, CFP Partner, Charlotte Office Roger A. James, Jr., JD, CTFA Partner, Director of Trust Sound Investment Strategy

7 Parsec Portfolios is designed to meet the needs of clients who don t require extensive financial planning, but do need portfolio management. Parsec Portfolios Parsec offers an investment management-only service to those clients with assets up to $400,000 Parsec Portfolios. These portfolios are often suited for clients who are saving and growing their portfolio. For Parsec Portfolios accounts we use a mix of broadly diversified mutual funds, index funds and ETFs. The accounts are periodically rebalanced to the stated target asset allocation. We focus on funds with reasonable expenses and good long-term track records. As always, Parsec receives no commission. And the best part is, you know your portfolio is in the hands of a credentialed advisor who is watching over your investments. You can pick up the phone and call anytime you have questions. As a Parsec Portfolios client, you may eventually grow your assets and transition to our Wealth Management service, which includes financial planning and an annual review of your plan and projections.

8 A retirement plan is a cornerstone of most employer benefit packages. We understand the needs and challenges of business owners in the management of these retirement benefits. Through our retirement plan solutions, we give the business owner a tool that recruits, rewards and retains qualified employees. Tracy Allen, CFP Financial Advisor

9 Why choose Parsec for your retirement plan? Quality. Service. Trust. Business Retirement Plans Quality We know that each employer is different and a one-size-fitsall approach is not always appropriate. We seek to understand your business first, as well as your goals as a business owner. It is through this process that we are able to create a solution that works best for you. Service We provide employee education as a part of our service, with the intention of helping employees understand the importance of their plan. We encourage participation and provide guidance on retirement decisions. For business owners, we offer a guided process that makes implementation of our recommendations as smooth as possible. Trust As a fee-only provider we do not participate in a revenue sharing arrangement with the mutual funds we recommend; there are no hidden fees. And because we have a fiduciary duty to put our clients interests before our own, our advice is not biased by a limited product line or promise of commission.

10 par sec /par-sek/ (noun) a unit of distance... equivalent to 206,265 times the distance from the earth to the sun, or 3.26 light-years. Left to right: Rick Manske, CFP, Managing Partner, Bart Boyer, Chairman of the Board, Bill Hansen, CFA, Managing Partner Credible Expertise

11 Parsec Trust provides investors a refreshing alternative - a next-generation investment and trust solution. Trust Services Parsec Trust is a solution that allows you to keep your assets invested with an independent financial advisor, whether you are in need of a corporate Trustee today, or are making provisions in your Will for a future Trustee to manage the assets. Parsec Trust is a trust representative office of National Advisors Trust Company (NATCO). When named as administrative Trustee, Parsec Trust, through NATCO, will collect and distribute income, provide recordkeeping, produce required tax reporting and provide for the administration and disposition of trust assets as directed by the governing document. PARSEC TRUST PROVIDES INTERGENERATIONAL TRUST SERVICES TO: LIVING TRUSTS IRREVOCABLE TRUSTS TESTAMENTARY TRUSTS CHARITABLE TRUSTS DYNASTY TRUSTS ASSET PROTECTION TRUSTS EDUCATIONAL TRUSTS

12 Look at your financial goals and risk tolerance CHOOSE ALLOCATION THAT SUITS YOUR RISK/RETURN PROFILE Rebalance periodically to target allocation Sell overvalued or deteriorating securities Add new ideas to portfolio MONITOR AND REBALANCE LONG-TERM INVESTING DIVERSIFICATION NO MARKET TIMING ALLOCATE EQUITY TO LARGE, MID/SMALL CAP, INTERNATIONAL DIVERSIFY FIXED INCOME Set target weights for portfolio components International, domestic, growth, value, sectors BOTTOM-UP ANALYSIS OF INDIVIDUAL SECURITIES AND FUNDS Valuation Balance sheet strength Growth projections Fund alpha Fund expense ratio

13 Investing is a process, not a product. Parsec Investment Philosophy Long-term Investing Due to the uncertainty of security prices, Parsec firmly believes that investing in a given asset class should be done over a longterm time frame, preferably longer than ten years. This is critical to investment success because it allows the long-term characteristics of the asset classes to surface. Short-term portfolio spending needs are considered in the long-term asset allocation decision. Diversification Diversification is critical to the portfolio management process. We believe the design and diversity of the portfolio as a whole is more important than the selection of any particular security within the portfolio. Our diversification strategy is to create a portfolio consisting of a combination of growth and value companies, large, medium and small companies, as well as international companies, which may include emerging markets. The fixed income investments are diversified as well. No Market Timing Parsec strongly believes that investors should not engage in market timing. This includes timing the purchase or sale of investments based on the news of the day, as well as giving up on the market as a whole and sitting out for periods of time until things look better. Though tempting, timing the purchase or sale of securities based on an attempt to guess which direction the market will go is highly unlikely to increase long-term investment returns.

14 Community Focused, Employee Owned Parsec has long maintained a significant commitment to charitable giving throughout the region it serves. Parsec is, therefore, committed to supporting local non-profits by dedicating about 2% of its revenues annually. We also encourage our employees to give back to the community by matching their donations. All employees of Parsec are given the opportunity to become owners in our firm. This distinctive structure empowers employees to take ownership of all aspects of Parsec s services. We think this is part of what gives Parsec that unique feel you get when you walk in the door we re all working toward the same goal. When you succeed, we succeed.

15 Parsec Financial has served in its communities for more than 30 years. The firm was founded in Asheville, North Carolina, in 1980 by Chairman Bart Boyer. An office in Charlotte was added in 1999, and an office in Pinehurst, NC, was opened in Credentialed advisors are part of our core values. We believe that having well-credentialed professionals, through organizations that require rigorous continuing education, is critical to staying up-to-date with changing industry and investment climates. A variety of educational backgrounds and certifications give the firm a well-rounded body of knowledge that we use to help our clients. Our firm currently has professionals with these designations: Certified Financial Planner (CFP ), Registered Paraplanner (RP ), Chartered Financial Analyst (CFA) and Certified Trust and Financial Advisor (CTFA). CFP CERTIFIED FINANCIAL PLANNER RP REGISTERED PARAPLANNER CFA CHARTERED FINANCIAL ANALYST CTFA CERTIFIED TRUST AND FINANCIAL ADVISOR

16 Asheville Charlotte Southern Pines